In a major boost to sovereign creditworthiness, Fitch Ratings upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B-' from 'CCC+' today, September 22, 2026, assigning a stable economic outlook.

The global rating agency highlighted Sri Lanka’s consistent implementation of structural fiscal reforms, enhanced revenue mobilization, and the steady accumulation of gross official reserves by the Central Bank. Ministry of Finance officials in Colombo stated that the sovereign credit upgrade will significantly lower external commercial borrowing costs and accelerate private foreign direct investment inflows into industrial and renewable energy sectors.